Word: honduran
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Dates: during 1951-1951
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Keeping $65,000 worth of the company's $100,000 capital stock for himself as compensation for the three planes, he judiciously sold the rest to influential Honduran politicos. Though Silverthorne denies it, many Hondurans. believe that President Juan Manuel Galvez's son Roberto got a piece...
...headquarters, Silverthorne rented a shabby, $100-a-month building, then sublet half of it. "Hell," snorted Joe, "I don't need a chrome-plated office. I was fetched up on salt-rising bread and black-eyed peas." He parked his planes in the open, repaired them in Honduran air force shops. Since TACA and SAHSA already had radio range and weather stations, Joe saw no reason to duplicate them. "I just turn on the radio and listen to their weather reports," he says blandly...
...Gotta Take It." Nor was Joe hampered by the fact that his competitors owned most of the country's airstrips. Under Honduran law, any private field may be used for government freight; Joe took care to have some government cargo aboard any of his planes landing on TACA or SAHSA strips. That way he could use them without even paying landing fees...
...latter-day tramps was a loudly dressed, 2501b. giant named Charles Colfelt. A former Iowa bricklayer and California caterer, Colfelt breezed into Tegucigalpa at the head of a caravan of cars, trucks and house-trailers, and rented a whole floor of the Pan American Hotel. As president of the Honduran division of a Salt Lake City stock company called the "Pan American Mining and Development Co.," Colfelt announced that he had chartered a fleet of DC-3s to haul equipment upcountry, then began setting up drinks for all comers in the hotel bar. One suspicious investor flew down, took...